Cheapest to delivery problem

Discussion in 'Fixed Income (P1.T4 or P2.T5)' started by jcjc0602, May 4, 2012.

  1. jcjc0602

    jcjc0602 Member

    Hi David,

    Could you please explain a little bit about why the CTD system will favor low coupon and long maturity bond when the yield is greater than 6%? Thanks a lot!

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